Which of the following is not a role of accounting in business? a. To personally guarantee...
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Which of the following is not a role of accounting in business? a. To personally guarantee loans of the business b. To provide reports to users about the economic activities and conditions of a business c. To provide information to external users to determine the economic performance and condition of the business d. To assess the various informational needs of users and design an accounting system to meet those needs Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $47,370 at May 1, 2018, the beginning of the year, and the owner withdrew $23,200 during the year. Accounts payable Accounts receivable Cash Fees earned Miscellaneous expense $16,640 89,070 179,780 623,300 4,840 Which of the following is not a role of accounting in business? a. To personally guarantee loans of the business b. To provide reports to users about the economic activities and conditions of a business c. To provide information to external users to determine the economic performance and condition of the business d. To assess the various informational needs of users and design an accounting system to meet those needs Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2019, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $47,370 at May 1, 2018, the beginning of the year, and the owner withdrew $23,200 during the year. Accounts payable Accounts receivable Cash Fees earned Miscellaneous expense $16,640 89,070 179,780 623,300 4,840
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Related Book For
Accounting For Governmental And Nonprofit Entities
ISBN: 9781260118858
19th Edition
Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely
Posted Date:
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